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. john boehner doesn't have the leverage he used to have. on a conference call he told house republicans they had to avoid the nasty showdowns that mark so much of the last two years. senate republican leader mitch mcconnell was the number one obstructionist in the president's first term. now he tells "the wall street journal" he'll do whatever it takes to get a deal. i'd be willing to pay the ransom if e we thought we were going to get the hostage out. but the hostage is what? entitlement spending. mcconnell's intention, he's willing to agree to a dollar of new taxes for every dollar in cuts. what a difference an election makes. >> i'm going to ask a question on the stage. they seau had a real spending cuts deal, 10 to 1. spending cuts to tax inkrecreas. spooker, you're already shaking your head. but who on this stage would walk away from that deal? would you raise your hand about not raising taxes. >> remember in 2011 republicans would not take a 10 to 1 tax cut deal? now today mitch mcconnell is willing to do a 1 to 1 deal. republicans lost all of their leverage in this election. they
of them voted democratic and half of them live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. he would raise revenues by closing loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: failure to agree by the end of the year would trigger deep spending cuts and tax cuts. that could mean $2,000 more in taxes for the typical household. the jobless rate soaring to 9.1% by the end of the year. and possibly, another recession. boehner and the president were close to a deal last year. the so-called grand bargain, 4 trillion in debt reduction. many think that blueprint still works. >> and the real problem is, uncriminaled entitlement spending and a government that has grown massively. not just under this administration. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the anxiety and the nervousness growing in the markets and the corporate board rooms
passed already, with those rates and john boehner responded. >> the senate has already passed a law like this. democrats in the house are ready to pass a law like this and i hope republicans in the house come on board, too. we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> i think in stead of the house moving on the senate bill, the senate ought to move on the house bill. >> so the debate has been engaged. it's going to be an interesting conversation on friday to get it started. >> that's right. he'll have the senate leaders and house leaders over to talk about this. one of the things that was so clear from that press conference was that the president is saying let's move this forward, let's move this forward now. he is certainly realizing that when you look at the four years that he has ahead of him, really it about the next 18 months to two years. that's when he has a mandate that, when he has political capital to spend. quickly he also wants to forestall some of these tax hikes that could come as early as january. john boehner initially said, lis
the general election, john boehner said they would continue to staunchly oppose tax rate increases, but on sunday. bill kristolly to republican house members it's not just them versus the president, it's them versus history. >> i think republicans will have to give in much more than they think. four presidents in the last election vo won 50% of the vote twice. roosevelt, eisenhower, reagan, and obama. republicans in the house will be able to get some concessions, but i think there will be a big budget deal next year, and it will be much moran obama budget deal than paul ryan budget deal. elections have consequences. karen capehart, did you expect anything this big this fast? bill kristol is influential with republicans in washington. i'm stunned with what i'm hearing? >> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the s
said the political reality is that john boehner is not in the same position to negotiate with the president that he was before. he lost seats. the president won a second term, and the central argument in this campaign was exactly this issue. so they are sort of negotiating with themselves a bit in the public eye. when it comes to sitting down across the table with the president, they will have to get down to brass tacks in a way they didn't before. >> karen finney and jonathan capehart, thank you for joining me tonight. >> thank you, lawrence. >> coming up, breaking news tonight in the investigation of david petraeus, the fbi conducted a search of the home of paula broadwell. we'll have all the breaking news, developments in that case, coming up. ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisl
rejected the mitt romney, john boehner solution for tax reform. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of raise revenue through dynamic scoring or closing loopholes that have not been identified. and the reason i won't do that is because i don't want to find ourselves in a position six months from now or a year from now, where lo and behold, the only way to close the deficit is to sock it to middle class families. >> now, that is the classiest way i have ever seen anybody say, you know what, somebody's got to pick up the bar tab, boys. this is what president obama ran against in the presidential election. mitt romney's approach to tax reform was, trust me. the american public wanted specifics. and president obama continued to give specifics today, but the economy wasn't the only thing on the president's mind today. earlier in the day, here's another development. ambassador to the united nations, susan rice came under fire from republican senators. senators john mccain and lindsey graham, back at it, trying to trump up the ambassador
assess what's going to happen with republicans like speaker john boehner and mitch mcconnell? how does the president persuade them to lay down their pledges to grover norquist and commit to the nation? >> well, ultimately the president is not going to persuade them. ultimately the voters have to persuade them. i think john boehner and a few others in the republican party have got to tell eric cantor and paul ryan and michele bachmann and a lot of the tea partiers in that party, if you continue to insist that taxes are not going to be increased on the rich, we are not going to ever gain or regain control of the senate. we're going to lose control of the house in 2014, 2016. we're going to become a permanent minority party because it makes no sense to most americans. >> hit them where it hurts. professor robert reich, thank you. >>> next, how far will the president go in the showdown against john mccain. >>> but first, hampton pearson has the cnbc market wrap. good afternoon. >> good afternoon. we saw stocks move lower again on more wall street fears of going over the fiscal cliff. the d
a split and one of the interesting ways you can follow it has to do with what -- john boehner versus paul ryan. boehner is pushing for conference shame, republican congresswoman rogers while ryan is pushing tom price who used to run the conservative caucus in the house. if most of the caucus is getting behind them then it's a sign they'll dig in their heels. if they're going with boehner, it's a sign they'll deal. >> i want to bring in a democrat on both the armed services committee and select committee on intelligence and the fiscal cliff if i might. do you think the republicans will come to play? >> i believe that they will. it's my hope that everyone has gotten the message loud and clear that the american people expect us to compromise, democrats and republicans coming together to solve the fiscal cliff issue but in a balanced way and that is certainly what president obama has campaigned on protecting a strong middle class, allowing the tax cuts to expire above $250,000, but we can't be afraid to compromise but we can do that without compromising our principles. >> is part of this deal
? the republican party is going to fall on its sword to defend a bunch of millionaires? >> speaker john boehner on friday, appeared to give a little ground, suggesting that limits on tax deductions could be part of a deal, something that senior obama adviser, david axelrod, said was a step in the right direction. >> i think the speaker's comments have been encouraging. and obviously, there's money to be gained by closing some of these loopholes and applying them to deficit reduction. so, i think there's a lot of ways to skin this cat, so long as everybody comes with a positive, constructive attitude toward the task. >> axelrod also pointed out that exit polling from the election showed 60% of the american agreed with raising taxes on the highest earners. >>> there's a renewed focus on immigration policy, following a presidential election that saw a growing divide between republicans and the hispanic community. now, two senators on opposite sides of the aisle says they're confident they can push through reform. chuck schumer and lindsey graham are revisiting a plan they proposed together back in
politics. house speaker john boehner was easily re-elected to the post on wednesday with the exception of one vote, texas congressman nominated former speaker newt gingrich. it would have been perfectly legal but no one seconded the nomination. his fellow texan congressman ron paul gave part one of the farewell speech as he prepares to retire at year's end. >> sadly, many religious groups, secular organizations and psychopathic authoritarians endorse government initiated force to change the world. >> national journal reports wisconsin congressman and former vp hopeful paul ryan will remain house budget committee chairman after being granted a gop waiver to avoid being term limited out of that spot. >>> senate majority leader harry reid lashed out at massachusetts senator scott brown mocking brown's calls for bipartisanship as a joke, describing brown as one of the most partisan senators ever to serve. >>> we now know which political office may be sought by another member of the bush family, george p. bush. his father, former florida governor jeb bush, confirms in a letter to potential
house speaker john boehner told politico the day before the election about whether president obama has a mandate on this issue. listen, our majority is going to get re-elected, we'll have as much of a mandate as he will to not raise taxes. what do you say to mr. boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority -- we won the popular vote if you add up the house races as well. look, i think it's in both parties' interest to avoid the fiscal cliff. neither of them want it for a whole host of reasons, including it will be damaging to the economy. we learned recently that president obama in august of 2011 was kind of ready to do a nixon goes to china moment
. only 29% would blame the president of the united states. house speaker john boehner has less support each day for a hard line approach. republican opposition to tax increases is slipping in congress. anti-tax lobbyist grover norquist no longer as a majority of supporters in either chamber. "the hill" says newly elected republicans refuse to sign the anti-tax pledge during the campaigns and another handful of returning republicans have disavowed their alliance to the written commitment. it's about time. at least they paid attention to the election. today bobby jindal scolded the entire party for the approach to the economy. hold it right there. this comment, he sewer sounds like a democrat. we've got to make sure that weren't the party of big business, big banks, big wall street bailouts, big corporate loophole, big anything. we cannot be, we must not be the party that simply protects the rich so they get to keep their toys. bobby, come on over to the good side, dude. you're talking like a conservative democrat. momentum is on the president's side. he just needs to know how motivated
to be for raising taxes. but let's be clear. when john boehner says, i'm open to raising revenues, he had on the table a proposal to raise taxes. that's what it means when you're raising revenues. they can spin it any way they want, it's raising taxes by $800 billion. so the republican party, in a growing number of folks in the republican party, are on record for raising taxes. and they know the number's going to have to be above 800. that's the floor from last year. i think the actual number will be 1.2 which will be the middle ground between 800 and $1.6 trillion. you don't get to $1.2 trillion without either raising tax rates or changing how we tax investment, which is the reason that a lot of rich people end up paying a very low tax rate. people like mitt romney can pay an effective tax rate of 10% to 15% because so much of their income comes from long-term investment holdings. something has to give. you have to change those things if you want to raise that type of revenue. >> we've talked a lot about the tax side of this, but there's spending cuts that need to be dealt with. no one w
Search Results 0 to 12 of about 13